NEW ORLEANS–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24QCOM&src=ctag” target=”_blank”gt;$QCOMlt;/agt; lt;a href=”https://twitter.com/hashtag/QCOM?src=hash” target=”_blank”gt;#QCOMlt;/agt;–Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a
partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces
that KSF has commenced an investigation into QUALCOMM Incorporated
In January 2017, the U.S. Federal Trade Commission (“FTC”) filed suit
against the Company for anti-competitive trade practices alleging that
it maintained a monopoly over chips for mobile phones using policies
that violated industry agreements by demanding high royalty fees from
customers to license its standard essential patents (“SEPs”) to buy its
chips, refusing to license its SEPs to competitors, and entering into an
exclusivity contract with Apple preventing other chip suppliers from
working with it. Recently, the Court granted the FTC’s motion for
partial summary judgment finding that industry agreements required
Qualcomm to license its SEPs to modem chip suppliers, noting that both
its own practices and statements emphasized in prior litigation
contradict its present position that the industry agreements permit it
to discriminate against component suppliers.
In the last several years, the Company has been fined $1.2 billion by
the European Union, $975 million by China, $854 million by the Korea
Fair Trade Commission, and $773 million by Taiwan (later reduced in a
settlement) for anti-competitive practices.
KSF’s investigation is focusing on whether Qualcomm’s officers and/or
directors breached their fiduciary duties to Qualcomm’s shareholders or
otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or
have been a long-term holder of Qualcomm shares and would like to
discuss your legal rights, you may, without obligation or cost to you,
call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis
or visit https://www.ksfcounsel.com/cases/nasdaqgs-qcom/
to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner